Political Risk

Mega-events may get less ambitious as Brazil counts World Cup costs

“Plagued by delays and opposition at home, the World Cup in Brazil might be a turning point for sporting mega-events, forcing soccer’s governing body and the International Olympic Committee to accept less ambitious bids to reduce the risk of public backlash. Described by Brazil’s government as ‘the Cup to end all Cups,’ the tournament kicked off on Thursday to a backdrop of controversy and concern.”

Source: Mega-events may get less ambitious as Brazil counts World Cup costs | Reuters

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